Fact Check: IMF Is NOT Forcing Romania To Pay 80 Euros/Ton Of CO2 While Ukraine Pays Only 1.10 Euros And Germany 30 Euros

Fact Check

  • by: Lead Stories Staff
Fact Check: IMF Is NOT Forcing Romania To Pay 80 Euros/Ton Of CO2 While Ukraine Pays Only 1.10 Euros And Germany 30 Euros No Such Order

Did the International Monetary Fund impose, through the European Union, introduction of a carbon tax for Romania of 80 euros/ton of carbon dioxide, while Ukraine only pays 1.10 euros/ton and Germany only 30 euros? No, that's not true: The Fund has previously stated that for climate mitigation to be effective, a carbon tax needs to be implemented, but this was only a recommendation. While EU member states have to follow emissions target cuts introduced at an EU level under the EU Climate Law, so far states that have introduced a carbon tax have decided this at their own governmental level.

The claim appeared in a video (archived here) on TikTok by user @jessiebanes on February 5, 2024. The caption (translated from Romanian to English by Lead Stories staff) read:

IMF/EU is forcing Romania to pay 80 euros/CO2 ton, as opposed to Ukraine (just 1.10 euros), or Germany (30 euros). We are at the same level of taxation as Norway but have nowhere near their industry/wealth.

This is what the post looked like on TikTok at the time of writing:

Screenshot 2024-02-08 at 20.04.33.png

(Source: TikTok screenshot taken on Thu Feb 8 16:11:33 2024 UTC)

According to the International Monetary Fund (IMF) page on climate mitigation, it states that "the latest IMF analysis finds that large emitting countries need to introduce a carbon tax that rises quickly to $75 a ton in 2030, consistent with limiting global warming to 2Β°C or less." During COP28, IMF chief Kristalina Georgieva announced that carbon pricing would raise trillions needed to tackle the climate crisis and that one way of making it happen would be that traditionally unpopular carbon taxes might be achieved with regulatory compliance (archived here).

Germany announced (archived here) in 2023 that it will raise a levy on polluting fossil fuels used in housing and transportation to 40 euros per ton in 2024 and to 50 euros in 2025, pushing some of the additional costs of decarbonizing further into the future.

Decisions to place certain prices per carbon tonnage are not enforced by the IMF. The European Climate Law addresses the necessary steps to get to the 2050 target. Based on a comprehensive impact assessment, the EU has set a new target for 2030 of reducing net greenhouse gas emissions by at least 55 percent compared to levels in 1990. While these wider emission targets are set out by the EU, decisions on carbon taxes have so far been made at the national governmental level, such as in the case of Germany and Austria (archived here).

Also, based on Google News searches using the keywords "Ukraine" AND "carbon" AND "tax" AND "1 euro," there is no evidence suggesting that Ukraine has to pay 1.10 euros per ton of carbon dioxide while Romania is forced to pay almost 80 times that (archived here).

  Lead Stories Staff

Lead Stories is a fact checking website that is always looking for the latest false, deceptive or inaccurate stories (or media) making the rounds on the internet.

Read more about or contact Lead Stories Staff

About us

International Fact-Checking Organization Meta Third-Party Fact Checker

Lead Stories is a U.S. based fact checking website that is always looking for the latest false, misleading, deceptive or inaccurate stories, videos or images going viral on the internet.
Spotted something? Let us know!.

Lead Stories is a:

Follow us on social media

Subscribe to our newsletter

* indicates required

Please select all the ways you would like to hear from Lead Stories LLC:

You can unsubscribe at any time by clicking the link in the footer of our emails. For information about our privacy practices, please visit our website.

We use Mailchimp as our marketing platform. By clicking below to subscribe, you acknowledge that your information will be transferred to Mailchimp for processing. Learn more about Mailchimp's privacy practices here.

Most Read

Most Recent

Share your opinion